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Term: de facto director
1.
The definition of a director in the Companies Act includes any person occupying the position of director, by whatever name they are called. Therefore if a person performs the role of a director, they will be considered directors for the purposes of the Companies Act. In the event that a person who attends and votes at directors' meetings was not properly appointed, for the purposes of the Act the person will still be considered a director. Also, someone that is generally considered to be a director by third parties is likely under the Companies Act to be a de facto director.
Usage: The de facto director attended the board meeting.
Related Words: directors; shadow director; shareholders; company.
Directors' Duties – Fines, Companies, Company Directors and Proportionality
Regulatory Compliance – Briefing Note - Background, Nature and Effect of Articles of Association under UK Company Law
Companies: Internal Governance – Briefing Note - The Role of the Memorandum of Association under Company Law
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